Arun Valley Hydropower reports net profit growth of 8.65%; Net worth per share at Rs 111.86

Wed, Feb 12, 2020 12:19 PM on Financial Analysis, Latest, Stock Market,

Arun Valley Hydropower Development Company Limited (AHPC) has posted net profit growth of 8.65% in the second quarter (Q2) of the current FY 2076/77.

According to the unaudited financial report published today, its net profit after income has increased to Rs 3.30 crore from Rs 3.03 crore in the same quarter of FY 2075/76. AHPC has sold electricity of worth Rs 4.07 crore, by the end of Q2.

The company’s operating profit increased to Rs 5.03 crore in Q2 of the current fiscal year from Rs 4.37 crore in the corresponding quarter of the previous year.

Its reserve fund stands at Rs 11.06 crore with share capital at Rs 93.30 crore. The short term borrowings of the company rose to Rs 8.22 crore by the end of the second quarter.

Its annualized earning per share stands at Rs 7.07, net worth per share at Rs 111.86 and P/E ratio stood at 13.43 times, as per the second-quarter report.

Second Quarter Report